HSBC plans buffered uncapped market participation notes on S&P 500

By Marisa Wong

Madison, Wis., June 24 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due July 31, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%. The exact buffer will be set at pricing and will be at least 15%.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price July 28 and settle July 31.

The Cusip number is 40433B2W7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.